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Oman launches financial centre to cut oil reliance, boost growth and attract global investment.
Oman has approved the creation of the Oman Global Financial Centre to boost economic diversification and reduce oil dependence.
The centre, operating with regulatory autonomy, will attract global financial institutions, offer incentives for investment, and support innovation.
It aims to strengthen non-oil sectors, create high-quality jobs, and leverage Oman’s stability and international ties.
The project is part of broader reforms, including a planned 2028 income tax and a golden visa program.
Economic growth is projected at 4% in 2026, aligning with regional efforts by Gulf nations to build financial hubs.
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Omán lanza un centro financiero para reducir la dependencia del petróleo, impulsar el crecimiento y atraer la inversión global.